Powerfleet, Inc. — Director's Dealing 2019

Nov 7, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PowerFleet, Inc. (PWFL)
CIK: 0001774170
Period of Report: 2019-11-05

Reporting Person: Mahlab David (Director, CEO International)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-05	Common Stock, par value $0.01 per share	A	47970	—	Acquired	424381	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-05	Employee Stock Options (right to buy)	$5.87	A	191878	Acquired	2029-11-05	Common Stock, par value $0.01 per share (191878)	Direct

Footnotes

F1: On November 5, 2019 (the "Grant Date"), David Mahlab (the "Reporting Person") was granted 47,970 restricted shares of common stock, par value $0.01 per share ("Common Stock"), of PowerFleet, Inc. (the "Company") under the Company's 2018 Incentive Plan, as amended (the "2018 Plan"), in consideration of his services as an officer of the Company. Subject to the terms and conditions of a restricted stock award agreement and the 2018 Plan, this award vests as to 25% of such shares on each of the first, second, third and fourth anniversaries of the Grant Date, provided that the Reporting Person is employed by the Company on each such date.

F2: On the Grant Date, the Reporting Person was granted options to purchase 191,878 shares of Common Stock under the 2018 Plan in consideration of his services as an officer of the Company. These options vest in equal increments over a four-year period commencing on the Grant Date, such that 25% of the options will vest on the first, second, third and fourth anniversaries of the Grant Date, provided that the Reporting Person is employed by the Company on each such date.